Explore topic-wise InterviewSolutions in .

20000Explanation: HOPE it HELPS you FRIEND

I GUESS ABRAHAM LinconExplanation:

tion:ANSWERProfit & Loss Appropriation A/cFor the year ended 31st MARCH 2017ParticularsRs.Rs.ParticularsRs.Rs.To Interest on capital By Profit3,06,000 Moli25,000 Interest on B’s loan6,0003,00,000Bhola40,000 By Interest on Drawings Raj20,00085,000Moli1,800 To Salary (Moli) 4,000Bhola3,300 To Commission (Bhola) 30,000Raj2,4007,500To Profit TRANSFERRED to: Moli’s Current19,250 Bhola’s Current19,250 Raj Current1,50,0001,88,500 3,07,500 3,07,500 PARTNER’s Current A/cParticularsMoliBholaRajParticularsMoliBholaRajTo Drawings40,00060,00080,000By Int. on capital25,00040,00020,000To Int. on draw.1,8003,3002,400By Salary4,000--To Balance c/d6,45025,95087,600By Commission-30,000- By P/L App (Profit)19,25019,2501,50,000 48,25089,2501,70,000 48,25089,2501,70,000 Partner’s Capital A/cParticularsMoliBholaRajParticularsMoliBholaRajTo Balance c/d5,00,0008,00,0004,00,000By Balance b/d5,00,0008,00,0004,00,000 5,00,0008,00,0004,00,000 5,00,0008,00,0004,00,000 WORKING Note:Mukut= 5,00,000 X 5/100 = 25,000 kirit = 8,00,000 X 5/100 = 40,000 Rahul = 4,00,000 X 5/100 = 20,000 CALCULATION of interest on Bhola’s loan:1,00,000 X 6/100 = 6,000 Calculation of interest on drawings:Mukut = (10,000 X 4) X 12/100 X 4.5/12 = 40,000 X 12/100 X 4.5/12 = 1,800 kirit = (5,000 X 12) X 12/100 X 5.5/12 = 60,000 X 12/100 X 5.5/12 = 3,300 Rahul = (40,000 X 2) X 12/100 X 3/12 = 80,000 X 12/100 X 3/12 = 2,400 Calculation of commission of kirit: (3,06,000 – 6,000) X 10/100 = 30,000 Distribution of Profit:Moli = 1,88,500 X 3/10 = 56,550 -37,300 = 19,250 Bhola = 1,88,500 X 3/10 = 56,550 – 37,300 = 19,250 Raj = 1,88,500 X 4/10 = 75,400 + 74, 600 = 1,50,000 Deficiency of Raj’s Profit Rs. 74,600 borne by Moli and Bhola in 3 : 3 (1 : 1). Moli = 74,600 X ½ = -37,300 Bhola = 74,600 X ½ = 37,300

When you're PUTTING your own MONEY into your business, you'll EITHER book it as equity or a loan. Most business OWNERS book this transaction as a contribution (meaning equity in the business), so this is the process we'll cover in this ARTICLE.

In management accounting or managerial accounting, managers use the PROVISIONS of accounting information in order to better inform themselves before they decide MATTERS WITHIN their organizations, which aids their management and performance of control functions.

so what is ur QUE?EXPLANATION:u havent ATTACHED ANYTHING...

The year which is selected as a base should be a normal year, or in other words, the PRICE level in this year should neither be ABNORMALLY low nor abnormally high. If an abnormal year is chosen as the base, the price relatives of the CURRENT year calculated on its basis would give misleading conclusions. I HOPE IT WILL HELP YOU....

No ,not tough at all.....in this there are only 2 ADJUSTMENT ..... ACCORDING to NEW PARTNER and according to old partner....☺️

When a partner retires, the following adjustments must be MADE:Adjustment of accumulated RESERVES and undistributed PROFIT and losses.Revaluation of ASSETS and liabilities. ...Adjustment for GOODWILL of the firm.Calculation of new profit and loss sharing ratio

2i2i2 is the ANSWER of this QUESTIONS EXPLANATION:markme as the BRAINLEIST

tion:17. Becord the following transactions in the COLUMN Cash Book of Ripple Delhi2020April20.00March 4 Paid ingurance premium by cheque75.00015.00015.000Objec2.000145012.5.850maAllowed cash discount @ 24 of sale value of goodsMarch 10 Cash deposited into barkMarch 11 Telephone BILL paid by chequeMarch 14 Withdrew from BANK for personal useMarch 15 Wichdrew from bark for ofcial useMarch 20 Peceived cheque hom Dinesh in full sentement of 11.000 and deposited the same into bankMarch 23 Cach received from MoranDiscount allowedMarch 24 Stationery purchased for cashMarch 24 Cheque received from GUPTA allowed him discount of 250March 28 Cheque received from Gupta deposited into bankMarch 31 Cheque deposited on March 28 dishonoured and RETURNED by the bankMarch 31 Rent paid by chequeMarch 31 Paid cash for postageMarch 31 Paid wages to watchman in cash150LODOPrac4.500123.400022043.0005.It was decided that cash balance at month end in excess of 10,000 was to be deposited in bank

hiiExplanation:Luca PacioliLuca Pacioli, was a FRANCISCAN FRIAR born in Borgo San Sepolcro in what is now NORTHERN Italy in 1446 or 1447. It is believed that he died in the same TOWN on 19 June 1517...hope you have understood and helps u ☺️❤️❤️

The expanded accounting equation for a sole proprietorship is: Assets = Liabilities + Owner's Capital + Revenues – Expenses – Owner's Draws. The expanded accounting equation for a corporation provides more details for the STOCKHOLDERS' equity AMOUNT shown in the basic accounting equation.Explanation:Account Type OverviewThe FIVE account types are: Assets, Liabilities, Equity, Revenue (or Income) and Expenses. ... Liabilities: money that the company owes to others (e.g. MORTGAGES, vehicle loans) Equity: that portion of the total assets that the owners or stockholders of the company fully own; have paid for outright. PLEASE mark asbrainliest

yoI have GOOD QUESTIONEXPLANATION:PLS pls pls mark me as BRILLIANT

you selling GOLD for rupees 10,000but your journal ENTRY credit is rupees 1,30,000so the BALANCE AMOUNT you will require is rupees 1,20,000 this is correct.Explanation:thank you for your QUESTION ❤️

a)PERIODIC INVENTORY system.PLEASE please MARK me as BRAINLIEST.

ankyou HOPE it HELPS U ❤❤

The following BILLING procedure addresses THREE tasks in the billing process, which involve collecting the information needed to construct an invoice, creating invoices, and issuing them to CUSTOMERS. ... Scan the details for each SHIPMENT to ensure that it is ready for billing.

Rebate on BILLS DISCOUNTED is also known as DISCOUNT RECEIVED in Advance, or, Unexpired Discount or, Discount Received but not earned. Its treatment is same as we do in the case of Interest Received in Advance.Explanation:i THINK it may help you

the AMOUNT which should be ADJUSTED in RECONCILIATION STATEMENT is 15,000

c) Rs. 7,00,000 Explanation:YE ISKA ANSWER ok.......plz follow and LIKE plz plz......

I don't no ANSWER of these QUESTION

your QUESTION is not COMPLETE ..........

Under 16Explanation:PLEASE MARK as BRAINLIEST

business, Deferred Revenue EXPENDITURE is an expense which is incurred while accounting period. ... For EXAMPLE, revenue used for advertisement is deferred revenue expenditure because it will keep SHOWING its benefits over the period of two to three yearsExplanation:i think it may HELP you

nce SHARES have the characteristics of both equity shares and debentures. Like equity shares, dividend on preference shares is PAYABLE only when there are PROFITS and at the DISCRETION of the Board of Directors. ... Therefore, preference shares are a hybrid form of financing.

preference shareholders, more commonly referred to as preferred STOCK EXPLANATION:PLZ MARK my answer as the brainliest

a) PUBLIC company.Explanation:PLZ MARK me as BRAINLIST

Ratio = Current Assets (C.A)/ Current LIABILITIES (C.L)  = 2.5So, CA= 2.5 CLNow, Working CAPITAL = Current Assets(C.A) minus Current Liabilities (C.L) = Rs.60000So, C.A - C.L = 60000       2.5 C.L-CL = 60000        C.L = Rs.40000Now, C.A = 2.5 x 40000 = Rs.100000

Its LITTE BIT TRICKY I GUESS

no IDEAS BRO SORRY OKKKKK

tion CASH A/C or Bank A/C  DR   Rs.xxx        To Typewriter A/C  Rs.xxx(being OLD typewriter SOLD)

how MUCH CASH.........

tion:Accounting conventions are guidelines used to help COMPANIES determine how to record certain business transactions that have not yet been fully addressed by accounting standards. These procedures and PRINCIPLES are not legally binding but are GENERALLY accepted by accounting bodies. BASICALLY, they are designed to promote consistency and help accountants overcome practical problems that can ARISE when preparing financial statements.

Accounting standards (AS) are general policy FILES. Their major goal is to make certain transparency, RELIABILITY, consistency, and comparability of the monetary statements. They achieve this through standardizing accounting INSURANCE POLICIES and concepts of a nation/economic SYSTEM.

सामान्य रूप से शासन सम्बंधी कार्यसंचालन के लिए व्यक्तिगत इकाइयों पर अनिवार्य उद्ग्रहण के रूप में कर (टैक्स) लगाए जाते हैं। करों को सामान्यत: राजस्ववृद्धि का ही साधन माना जाता है किंतु राष्ट्र की अर्थनीति को भी ये प्रभावित करते हैं। कर लगाने का उद्देश्य विकास कार्यों के लिये धन एकत्र करना तथा यथासंभव राष्ट्र की विषमता को दूर करना है। इसीलिए जिनकी अधिक आय है, उन्हें कम आयवालों की अपेक्षा अधिक मात्रा में कर देना पड़ता है।